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The bailout and Mrs. Polks of the country

Understanding the bailout is not going to be an easy task, for anyone. What exactly is being bailed out, who is going to get mortgage relief, and, and, and the list goes on. In the next week I’ll post some

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Posted in Mortgage News

Summary of the Emergency Economic Stabilization Act of 2008

As of 12:20 p.m. today this bill has failed to pass the House of Representatives. For general information below is a summary of the Act. Jay Thompson, the Phoenix Real Estate Guy, posted the entire draft of the Act on

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Posted in Mortgage News

Trying to make sense of the financial "bailout"

I’m going to preface this by saying #1 – I am not a mortgage broker and #2 – this is just plain confusing even to those in the business of explaining to the rest of us. That said…. The Page

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Fannie and Freddie Bailout

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Posted in Mortgage News